Lynn, MA 01905,340 Parkland Ave
Lynn, MA 01905,340 Parkland Ave
Lynn, MA 01905,340 Parkland Ave
Lynn, MA 01905,340 Parkland Ave
Lynn, MA 01905,340 Parkland Ave
Lynn, MA 01905,340 Parkland Ave
See all 16 photos

$2,600,000

$2,500,000

4.0%
Est.Price: ?

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Est. payment /mo

17 Beds

12 Baths

8,280 SqFt


SOLD DATE : 10/16/2024

Key Details

Sold Price $2,600,000

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Side by Side

Listing Status Sold

Purchase Type For Sale

Square Footage 8,280 sqft

Price per Sqft $314

MLS Listing ID 73272572

Sold Date 10/16/24

Bedrooms 17

Full Baths 12

Year Built 1968

Annual Tax Amount $21,767

Tax Year 2024

Lot Size 8,712 Sqft

Acres 0.2

Property Description

340 Parkland Ave contains 12 units comprised of (7) 1-Bedroom/1-Bathroom units and (5) 2-Bedroom/1-Bathroom units. The Property features an on-site laundry facility and parking for 12 vehicles. In-place leases are significantly below market rates; the opportunity exists to drive rental rates in an urban-infill, high demand/supply-constrained residential market. 340 Parkland Avenue is well-located in a densely populated residential neighborhood 1.75-miles northwest of Downtown Lynn, with convenient access to both local and regional transportation, as well as retail amenities along Boston Street and Western Avenue. Additionally, The Property is 2-miles from the Central Square commuter rail station with services to Boston’s North Station, and 12 miles from Downtown Boston.

Location

State MA

County Essex

Zoning R2

Direction Please use GPS

Rooms

Basement Unfinished

Exterior

Community Features Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station

Roof Type Shingle

Total Parking Spaces 12

Garage No

Building

Lot Description Corner Lot

Story 3

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Others

Senior Community false

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BHRE Brad Hutchinson Real Estate

BHRE Brad Hutchinson Real Estate

+1(781) 665-2222

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Horvath & Tremblay
Bought with Stephen Girolamo • Horvath & Tremblay
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At Brad Hutchinson Real Estate, our main goal is simple: to assist buyers and sellers with making the best, most knowledgeable real estate decisions that are right for you. Whether you’re searching for houses for sale, commercial investment opportunities, or apartments for rent, our independent, committed staff is ready to assist you. We have over 60 years of experience serving clients in and around Melrose and Boston's North Shore.

+1(781) 665-2222

sales@bradhutchinson.com

193 Green Street, Melrose, Massachusetts, 02176, United States

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